Ampol’s refinery in Lytton, Brisbane, and the Viva Energy refinery in Geelong will each get $125 million, a figure that will be matched by the companies.
Scott Morrison will confirm the government is paying $250 million to Australia’s remaining domestic fuel suppliers, enabling them to upgrade theAmpol’s refinery in Lytton, Brisbane, and the Viva Energy refinery in Geelong will each get $125 million, a figure that will be matched by the companies, taking the total investment to $500 million.Justin McManus
Fuel security concerns and a steady drumbeat of refinery closures forced the government to put as much as $2.3 billion in last year’s budget into propping up the industry. Since then, geopolitical concerns have only added to the government’s worry, even though the public money does little to reduce Australia’s reliance on imported crude.
The Department of Industry, Science, Energy and Resources says Ampol and Viva will not need to receive any payment for the second quarter of the scheme because the refineries are doing well. This follows on from the first quarter, where only Viva received a payment, totalling $12.45 million.
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